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[worraps] 01/3/2020 18:54

The WHO statistics say there are 84,000 cases worldwide, with 2900 fatalities, 3.5%.
But outside China, there have been 4351 cases, 67 deaths, 1.5%. That is low.
So, China have been by far the worst hit. Naturally so. The size of the population, environmental factors, air pollution, etc. A more unhealthy nation by far.

Obviously, those figures will change by the day. And Italy are not doing too well, but by and large I feel that the powers that be are on the case, and this will be contained. It's been good to see people who are informed, including the head of the WHO, coming out and declaring that the whole Coronavirus issue is getting out of perspective with all the fear mongering and dramatic news bulletins, and is causing mass panic unnecessarily.

There are far more deadly scenarios affecting the world these days than a newly discovered flu virus called Coronavirus. And we are soon to get Spring and summer weather which will see it off, and do the job. And then after that there will be a vaccine.

[hamhamham1] 01/3/2020 18:50

I don't own any IAG shares, not long nor short here, honest.

[m1k3y1] 01/3/2020 18:33

ham.....do you own any IAG shares, or do you just trade options etc ?

[m1k3y1] 01/3/2020 18:32

worraps.....totally agree

[bookbroker] 01/3/2020 18:22

There would be no hysteria if there was a vaccination, and it is pretty remarkable that with every research institute within the pharma industry working on one that they have taken this long. Off course we are talking of six weeks since the Chinese outbreak became apparent to the Western world, nonetheless they have a handle on most other outbreaks of flu, and with the technology to understand its molecular structure why is it taking so long, irrespective of clinical testing. In future maybe every man or woman leaving China should be quarantined for two weeks prior being allowed to roam in a guest country. They knew of its existence in mid-December but failed to act, now the news is everywhere except Wuhan, but this is a kind of flu so ought to be somewhat responsive to existing treatments, even if it did originate from an animal. Maybe try veterinary medicine!!!

[hamhamham1] 01/3/2020 18:10

Because it kills approx 2% of all that get it. So do the maths if it spreads around the planet like common flu!

[milliecusto] 01/3/2020 18:09

Flu kills 0.24%, this kills up to 3%, near 300% uplift in mortality risk

[worraps] 01/3/2020 18:05

This hysteria is becoming totally laughable. I'd like to know what the true purpose is. One person out of hundreds of millions dies from Coronavirus in the USA, and it's used to cause panic and alarm over the whole globe. Thousands die from winter flu every year, and we never hear a word about it. Norovirus takes hold on cruise ships and schools, and all we get is brief coverage in the media. Why on earth this Coronavirus is being used like this, to cause totally unnecessary panic and alarm I really do not understand. Total mass hysteria!

[1 nhs] 01/3/2020 17:27

Here we go ( as predicted)


Airport Workers Fear They're Unprotected From The Coronavirus04:01
Play
March 01, 2020
Martha Ann Overland
Humans — workers and flight crews as well as passengers — can be exposed to any number of pathogens at airports. EVA Air employees are seen wearing face masks at the Los Angeles airport in February amid the coronavirus outbreak. U.S. officials advise masks are not the best way to mitigate one's risk of contracting the virus. (Daniel Slim/AFP via Getty Images)
Humans — workers and flight crews as well as passengers — can be exposed to any number of pathogens at airports. EVA Air employees are seen wearing face masks at the Los Angeles airport in February amid the coronavirus outbreak. U.S. officials advise masks are not the best way to mitigate one's risk of contracting the virus. (Daniel Slim/AFP via Getty Images)
After passengers filed off a flight from China five weeks ago, cabin cleaners at the Los Angeles International Airport were sent in to clean the plane. One of the workers, fearing she might contract the coronavirus, refused.

"I was scared to death," said Barbara Gomez of Inglewood, Calif. "I start crying."

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Gomez said her boss told her that if she didn't board the plane, her job would be on the line. Still, she refused.

"Then the other manager came out of the office," Gomez recalled. "And he says, 'Do you know, that over 200 people are going to be boarding this aircraft in the morning.' I say, 'I don't care. Barbara Gomez is not going on the aircraft! You know, this is about my health.' "

In the end, Barbara Gomez did not get on the plane. She was eventually reassigned to clean a domestic flight.

No gloves, no masks

In this modern age of jet travel, it was a matter of time that the coronavirus would appear in the United States. As of Sunday, one person has died and dozens have been infected in the U.S., but the Centers for Disease Control and Prevention says the risk of contracting the virus remains low.

Appeals for calm by the Trump administration and the CDC haven't done much to ease the worries of airport workers, who say they're on the front lines.

Security personnel, gate agents and other employees come in contact with hundreds of travelers a day. Cleaning crews have to mop up bodily fluids such as vomit, mucus and blood. Many of these workers say they lack gloves and respiratory masks as well as the information they need to protect themselves.

"We did not get any training whatsoever," Gomez said. "It's just go clean the airplane. Right now, we hardly have solutions to clean the airplanes with."

She said she and her colleagues are not provided with gloves; they are lucky if flight crews can spare a few extra.

Marc Desnoyers, the president of JetStream Ground Services, which employs Gomez, insists that this is not the case.

"Provisions of cleaning solutions, gloves and all necessary safety equipment, including masks when requested, are closely monitored and replenished when needed," said Desnoyers in a written statement and in a phone interview with NPR. "When a concern is raised by a team member, we work to address it immediately, as we did with this employee."

When asked about the city-mandated, 16-hour training curriculum in emergency preparedness, which includes information on infectious diseases, Desnoyers said "every employee has been trained."

He added that Gomez completed her training in November.

But according to Gomez, the only training she has received from JetStream was a 30-minute class in CPR.

Andrew Hagelshaw, communications coordinator with the Service Employees International Union-United Service Workers West, said he is hearing similar reports from other airline workers at the Los Angeles airport.

They are particularly vulnerable, he said, because they don't work directly for the airlines. Instead, they are employed by subcontractors that frequently cut corners.

NPR obtained copies of half a dozen complaints that JetStream employees recently filed with the city. All stated that their training was brief, limited to CPR and active shooter drills.

On the front lines

To prevent the spread of the virus, several major U.S. carriers have stopped flying to mainland China. But now that the coronavirus is infecting people in the U.S., that's not much comfort to airport workers.

Yvette Stephens, a security guard for international flights at Newark Liberty International Airport, comes in contact with hundreds of passengers from all over the world.

And it's a messy business.

"We have people every single day that cough, sneeze, don't cover their mouths or their nose," Stephens said.

Workers complained, and the airlines received some unflattering media attention. It appears the airport is now stepping up protections for its ground staff.

Stephens' employer, OmniServ, has offered gloves and will soon be providing face masks, she said, "but we won't know more until they start the training process."

She wasn't willing to wait for company-provided masks.

Stephens has multiple sclerosis, so she bought a supply and handed them out to her co-workers.

As of Sunday, the CDC is not recommending that healthy people wear masks. Measures, such as frequent hand-washing and staying away from people who are sick, are more effective.

But these guidelines are not reassuring contract airport workers who are paid hourly.

Stephens said she has no choice but to work.

"You know, I have to pay my bills," she said. "I have to pay my rent."

Stephens lacks health insurance. For now, she continues to work at the airport and hopes she doesn't get sick.

But she has no doubt where the virus is headed.

"You can't say it's not going to come this way, because it will."

Copyright

[worraps] 01/3/2020 16:53

And another realistic viewpoint:

[worraps] 01/3/2020 16:49

See if this helps. Even the head of the WHO thinks the panic is senseless.

[loganair] 01/3/2020 16:31

Typically the Americans are now starting to panic, and are panic buying food in the shops especially in California as they now have 34 cases of Coronavirus in California with a total of 72 in the country as a whole and therefore would not be surprised to see the Dow Jones, S&P sell off heavily tomorrow and throughout next week.

[npp62] 01/3/2020 16:28

Absolute horse-sh%^#

[1 nhs] 01/3/2020 16:20

No bank can survive what’s hitting you in the face.

Defaults will spread at the same speed as the virus.

Trust will be gone.

Put in a simple way : 3/4 of the worlds population will be off work for up to 18 months, producing nothing

[m1k3y1] 01/3/2020 16:15

Thank you
So, do you ownj shares in IAG or just trade options etc ?

[1 nhs] 01/3/2020 16:14

“ham.....what exactly are you hoping to achieve by these continual negative posts.
Convincing others to sell their shareholding ?
Proving that you are a great share trader ?
Maybe that you can foretell the future or just that you wish to be proved right ?
Other than the above, I really don't understand your motive.”


Investors have not understood the enormity of the situation.

This airline is going bust because it’s business model is finished.

It unfortunately has not yet sunk in

We are in a depression

[hamhamham1] 01/3/2020 16:08

Markets change and evolve through cycles, if a market has been bear for a while then I look to a reason for it to come out, if it has been bull for a while then a look to a reason for it to come out as well.
It will do both, thats guaranteed and I am looking at reasons for the latter with where this bull market is.
If this forum is just to discuss the guaranteed share price increase then it's never wise to listen to just side.

[m1k3y1] 01/3/2020 16:01

hamm.....I didn't ask you not to post, just answer the question .
I am trying to understand your motive.

Mine is to support the business I have my money invested in but I do not understand yours.

[hamhamham1] 01/3/2020 15:59

Ok, I won't post anymore, everything is great, 700p by April.
Enjoy your guaranteed ride straight up.
Bull market forever.
Bye :)

[m1k3y1] 01/3/2020 15:54

ham.....what exactly are you hoping to achieve by these continual negative posts.
Convincing others to sell their shareholding ?
Proving that you are a great share trader ?
Maybe that you can foretell the future or just that you wish to be proved right ?
Other than the above, I really don't understand your motive.

[1 nhs] 01/3/2020 15:30

Please see my previous posts.



The chance of a world no fly zone has jumped to 80/20 within 2 weeks.

[hamhamham1] 01/3/2020 15:25

Knife. Falling. Catch.
There is no reason for the markets to recover or even stop falling until there is a path to real resolution for coronavirus.
And in the meanwhile, no news certainly isn't good news.
It's all about sentiment (and these markets are spooked witless)


Those Asian airlines gonna feel it most first.

[wilc42] 01/3/2020 15:16

If it sinks tomorrow. Tuesday. Got to make and stand at some time. Getting the bottom will be a stroke of genius, but the share price will return to 6:50. So winner

[hamhamham1] 01/3/2020 15:03

It (the ftse100 eg) entered the bull run in 2009. It will maintain the bull market status until it has dropped 20% from the recent highest point, which it hasn't, so it's still in a bull market.
Once the ftse100 drops to about 6200-6300 then it will enter a bear market with that 20% drop, then we start looking at subsequent recessions, etc. Currently we are only in bull market correction territory, ie 10% drop from recent highs.